topic Re: CC Question in Credit Cards

CC Question

Deltadog03 — Sun, 22 Feb 2015 16:08:04 GMT

So, as I have learned from all of you, I have a question still about the next step *if you will* I want to get in with Chase, Discover and or Citi. You all know that I am POST 2 years now BK Ch7 discharge. I have NEVER burned any of them listed above. My question is, what company is the easier one *at this point* to try and get. I have seen people get them with BK showing, so I know its possible, but is Discover the best with BK showing, at least some time since discharged? or is Chase or Citi? My scores when applying should be around EQ 630 TU 640 EX 675 I have been heavily rebuilding since the 2 years it has discharged and my CCD Util will be around 13-15%. Any help would be AWESOME...thanks everyone!

Re: CC Question

CreditCuriosity — Sun, 22 Feb 2015 16:15:59 GMT

Out of all the ones your listed CITI is by far the toughest... See where your scores are getting down your utilization and they have posted to your CR. IMO your scorse won't qualify you for any of the lenders, my guess is the Chase freedom would be the easiest to get out of the 3 you listed, but not with your current scores.. Possibly might want to consider Barclay's RMC after you can get your scores up another 30 points approx. As stated get util down then re-pull once payment posted on CRA's.

Re: CC Question

Deltadog03 — Sun, 22 Feb 2015 16:23:13 GMT

Ok, thank you!! I have a Barclays Rewards Mastercard. They just PC'd me from the Financing Visa. Would my TU score be high enough to see if I can get a CLI with them? Should be around 640 ish. I think The Chase Freedom would be my first choice, but the consensus from yall has been to wait a bit longer to get my scores up.

Re: CC Question

Deltadog03 — Sun, 22 Feb 2015 17:05:13 GMT

Thank you again!

Re: CC Question

Anonymous — Sun, 22 Feb 2015 19:44:41 GMT

Discover is a big whopping "maybe."

Their prequalification page on their site is worthless so that won't help you, and they are funny about approvals anyway - two people with the same profile can apply and one will get it and the other won't. The only way to really see if you can get a Discover is to app blind and hope. They may approve a card, counter with different terms, counter with the joint card, counter with the secured card, or deny. Crap shoot.

Re: CC Question

Deltadog03 — Sun, 22 Feb 2015 22:03:04 GMT

Ok thank you!! I really appreciate it. They don't recon tho do they?

Re: CC Question

CreditCuriosity — Sun, 22 Feb 2015 22:07:30 GMT

@Deltadog03 wrote:
Ok thank you!! I really appreciate it. They don't recon tho do they?

Nope not really..

Re: CC Question

FocusedAndDetermined — Sun, 22 Feb 2015 22:14:36 GMT

Dsicover was the first to issue a card to me post BK and my previous relationship with them did not end well. I had a Chase card at the time of my IT app, but it was a card Chase took over from WaMU. I had never had a Chase card, so I never burned them or IIB, but they declined me twice for a CC and once for car loan, even though I was banking with them at the time. It's always a YMMV situation, but from other posts I've read Chase is allergic to BK, especially fairly recent ones.

At the time of my Discover app, I was 5+ yrs post BK.

Re: CC Question

B335is — Sun, 22 Feb 2015 22:43:57 GMT

Discover seems to be forgiving with aged negatives if there isn't many recent new accts. they wouldn't approve me until my CR were spotless.

Citi on the other hand, sent me a pre qualified offer in the mail which was instantly approved with a 4 year old paid negative. So I think all of them are really ymmv to a degree. Chase approved me shortly thereafter when I explained my past mis steps.

Re: CC Question

CreditCuriosity — Sun, 22 Feb 2015 22:47:25 GMT

@B335is wrote:
Discover seems to be forgiving with aged negatives if there isn't many recent new accts. they wouldn't approve me until my CR were spotless.

Citi on the other hand, sent me a pre qualified offer in the mail which was instantly approved with a 4 year old paid negative. So I think all of them are really ymmv to a degree. Chase approved me shortly thereafter when I explained my past mis steps.

Citi is really the last big bank I haven't really cracked or been to scared to apply as they don't ike any baddies I have heard and seen from others experience so haven't wanted to waste a pull. BofA I could get a card with, but I despise them and that is awhole different thread.

Re: CC Question

CH-7-Mission-Accomplished — Sun, 22 Feb 2015 23:01:05 GMT

@Anonymous wrote:
Discover is a big whopping "maybe."

Their prequalification page on their site is worthless so that won't help you, and they are funny about approvals anyway - two people with the same profile can apply and one will get it and the other won't. The only way to really see if you can get a Discover is to app blind and hope. They may approve a card, counter with different terms, counter with the joint card, counter with the secured card, or deny. Crap shoot.

I just reconned a denial for Discover and they said no dice. I am 18 months post BK7 discharge. Some have gotten in with them less than one year post discharge. I have lots of other credit now (Two $10,000 Venture cards + $3.5 K QS1, 10K Care Credit, 5K local CU, 5k Barclay's, etc.).

Discover told me I needed 24 months post BK7.

So as you said, it is always YMMV with them. I have heard they like thin files so maybe I have too much credit already for their taste. I think they want people to be their go to card and don't want people who are just looking for another trade line. Just a hunch.

Re: CC Question

Deltadog03 — Mon, 23 Feb 2015 01:58:13 GMT

Awesome, then Maybe I should try Discover first. My EQ should be around 630 by the end of the week, is that a bit low?

Re: CC Question

Deltadog03 — Mon, 23 Feb 2015 01:58:30 GMT

Thank you!!

Re: CC Question

Deltadog03 — Mon, 23 Feb 2015 02:02:21 GMT

Thank you for your response

Re: CC Question

Deltadog03 — Mon, 23 Feb 2015 02:03:03 GMT

Thank you! Thats what bothers me, if auto deniel *likely cuz of bk on there* will they let me plead my case. *Like Chase will*

Re: CC Question

Anonymous — Mon, 23 Feb 2015 02:07:26 GMT

@CH-7-Mission-Accomplished wrote:
@Anonymous wrote:
Discover is a big whopping "maybe."

Their prequalification page on their site is worthless so that won't help you, and they are funny about approvals anyway - two people with the same profile can apply and one will get it and the other won't. The only way to really see if you can get a Discover is to app blind and hope. They may approve a card, counter with different terms, counter with the joint card, counter with the secured card, or deny. Crap shoot.
I just reconned a denial for Discover and they said no dice. I am 18 months post BK7 discharge. Some have gotten in with them less than one year post discharge. I have lots of other credit now (Two $10,000 Venture cards + $3.5 K QS1, 10K Care Credit, 5K local CU, 5k Barclay's, etc.).

Discover told me I needed 24 months post BK7.

So as you said, it is always YMMV with them. I have heard they like thin files so maybe I have too much credit already for their taste. I think they want people to be their go to card and don't want people who are just looking for another trade line. Just a hunch.

You MIGHT have too much "new" credit for them. You're right in thinking they want to be the go-to so they like people with perfect credit or very little credit so people that are in the middle somewhere are a flip of a coin.

There was one person on here that mentioned Discover told them no with a 5 year old BK so there is something interesting going on with their underwriting. I know it's silly that we all say that a company "likes" or "dislikes" us when it's a computer spitting out answers but with Discover, it really does seem more personal than that. I mean, Discover gave me a card and BofA won't even give me a secured card, so obviously Discover decided they wanted to like me.